Philippine firm snaps up snacks maker for $600m

Original article by Sue Mitchell
The Australian Financial Review – Page: 24 : 18-Aug-16

Universal Robina has increased its presence in the snack foods sector with the acquisition of Snack Brands Australia, whose products include Samboy and Kettle potato chips. Philippines-based Universal Robina has indicated that Snack Brands will remain an independent business, while it intends to launch the company’s products in Asia. Snack Brands’ market share in Australia is almost 30 per cent, and it boasts annual sales of $A303m. Universal Robina’s annual sales are about $A3bn.

CORPORATES
SNACK BRANDS AUSTRALIA, UNIVERSAL ROBINA CORPORATION, GRIFFINS FOODS LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, FRITO-LAY INCORPORATED, THE SMITH’S SNACKFOOD COMPANY LIMITED, THE RED ROCK DELI CHIP COMPANY, THE KETTLE COOKED CHIP COMPANY PTY LTD, SAMBOY, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, ARNOTT’S BISCUITS LIMITED, CAMPBELL SOUP COMPANY, THORNEY INVESTMENTS PTY LTD, MONDE NISSIN CORPORATION, MENORA FOODS PTY LTD, NUDIE PTY LTD, BLACK SWAN FOODS, BRIGHT FOOD GROUP COMPANY LIMITED, MANASSEN FOODS AUSTRALIA PTY LTD, WILMAR INTERNATIONAL LIMITED, FIRST PACIFIC COMPANY LIMITED, GOODMAN FIELDER LIMITED, UBS HOLDINGS PTY LTD, INTRINSIC PARTNERS, KING AND WOOD MALLESONS

Junk food classified healthy and then advertised on TV

Original article by Harriet Alexander
The Sydney Morning Herald – Page: 3 : 7-Aug-14

Australian Communications & Media Authority rules ban companies from advertising unhealthy food during children’s TV programs in certain time slots. However new Cancer Council New South Wales data show that under the self-classification of food products by signatories to the voluntary Responsible Children’s Marketing Initiative, many snack items are simply treated as if they were healthy. If applying the Food Standards Australia New Zealand nutrient profiling, close to two thirds of all advertisements are in fact for unhealthy foods

CORPORATES
FOOD STANDARDS AUSTRALIA NEW ZEALAND BOARD, CANCER COUNCIL OF NEW SOUTH WALES, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY